In a press conference at the State Secretariat, Minister T. G. Bharat said the coalition government of Andhra Pradesh has locked in investment commitments worth ₹20 lakh crore in its first two years. The minister linked the achievement to the leadership of Chief Minister N. Chandrababu Naidu and outlined steps to convert proposals into jobs.
Key Developments
- Investment proposals worth ₹7.66 lakh crore have cleared the State Investment Promotion Board (SIPB) and are moving to implementation.
- Jobs created through new investments will be linked to Aadhaar for real‑time monitoring.
- The APIIC can now approve land allotments up to 50 acres, speeding up project start‑ups.
- Nearly 900 notices have been issued to firms that have taken land but not started units, signalling strict enforcement.
- Plan to set up 175 MSME parks, one in each Assembly constituency.
- Target of 20 lakh jobs over five years, with confidence that projects like the proposed Google AI Data Centre in Visakhapatnam and the Quantum Valley will drive employment.
- Upcoming policies on Toy Manufacturing, Furniture Manufacturing and Industrial Housing will be unveiled shortly.
- Food‑processing sector aims for ₹30,000 crore investment, focusing on tomato, mango, citrus, jackfruit and millets.
- Andhra Pradesh will host the